UK: Housing market slows to 2008 level

Activity in the housing market slowed last year to its weakest level since 2008, according to a respected measure, as worries about the economy and problems scraping together a big enough mortgage deposit weighed on demand.
The number of property “hotspots” – towns which experienced a rise in sales numbers – halved in 2011, dropping to its lowest level since the height of the financial crisis, according to new research by Lloyds TSB………………………………………..Full Article: Source